Bangkok, June 10 – The Minister of Commerce believes that the Chinese market can expand trade and investment channels together in all dimensions. Seeing from the GDP of many countries not expanding But China still expands well. This year's GDP is at 5.2%, plus the yuan is accepted as a reserve currency of various countries in the world. Ask the Thai private sector to plan to expand exports to the Chinese market more.
Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce said later as the chairman of the opening ceremony of the Thai-Chinese relations course For senior executives, Class 2, and a special lecture on the topic "Economics and Trade between Thailand - China" with Mr. Sanan Angubolkul, Chairman of the Board of Trade of Thailand and Board of Trade of Thailand, Mr. Thitinan Wattanavekin, Director of Relations Program Thai-Chinese At the Grand Hall, 28th floor, Bangkok Club, Sathorn City Building, Bangkok, with China becoming increasingly important in the world society in 3 aspects: 1. Language 2. Economy 3. Geopolitics of the world
in the economy China is currently one of the world's two superpowers along with the United States. China is the world's second largest economy after the United States. It is the world's 1-2 largest market with a population of 1,400 million people and China is the world's second largest importer. Many countries in the world exports rely on the Chinese market.
While many countries in the world's economic recession But China last year GDP grew 3%, this year is expected to grow 5.2% and China's yuan currency is a currency that is accepted as a reserve currency of various countries in the world. as a reserve fund in an increased proportion, from no more than 10.92% to 12.28% in terms of security, world politics, geopolitics China has emerged as one of the world's superpowers along with the United States.
China is accelerating to build political, economic, security and cultural alliances. On the geopolitical side of the United States, there are 27 EU, European Union, 26 NATO countries, G7, and in 2019, there is THE QUAD, NAFTA, later USMCA and 2022 is Indo-Pacific and China side groups have been formed such as the SCO (Shanghai Cooperation Organization) of seven countries and the Middle East and BRICS group of developing countries (China, India, South Africa, Brazil and Russia) in recent days. President Xi Jinping has suggested that the BRICS want to expand membership.
In addition to the RCEP, the world's largest FTA, 15 member countries, one-third of the world's GDP, one-third of the world's population, both poles are becoming increasingly important. Recently, a meeting at Bo Ao China proposes a global security program for all countries to join in the pursuit of new forms of security. Emphasis on dialogue rather than confrontation. Together intercept weapons of mass destruction.
In addition, Thailand and China have relations in many dimensions, including diplomacy, politics, economy, trade, investment and tourism, etc. Diplomatic relations have been established for 48 years since 1975. At the political party level, there have been exchanges of visits many times in terms of economy and trade. Thailand's No. 1 important trade partner for 11 consecutive years since 2013, being Thailand's No. 2 export market after the United States and in the past as Minister of Commerce He invented a new commercial innovation, namely mini-FTA, because FTA usually takes a long time. He therefore came up with an agreement that is beneficial to both parties. Today, there are already 7 mini-FTAs, 3 of which are made with China. We have with Hainan It is China's largest Special Economic Zone. and with Gansu Because there are many Muslims will be Thailand's halal product market. Latest in March 2023, we do a mini-FTA with Shenzhen, aiming to do 10,000 baht in trade value in the first 2 years.
While the investment in 2022, China asked for BOI with Thailand, reaching 7.7 billion baht, the highest in the world, an increase of 108% from 2021. In tourism, in 2022, 270,000 Chinese tourists came to Thailand, this year is expected to reach 4.25 million people. Thailand is one of the 10 countries in the world where China allows group tours to be organized, so it is seen that the Chinese market is still an important market for Thailand. All parties must prepare to increase trade and investment channels in all dimensions of both parties, with the private sector having to accelerate the expansion of cooperation to be concrete.-Thai News Agency
Source: Thai News Agency